IMF Staff Country Reports

Republic of Lithuania: Selected Issues

Publication Date:

March 28, 2013

Electronic Access:

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Summary:

This Selected Issues paper discusses Lithuania’s efforts towards a sustainable and inclusive consolidation. Lithuania has implemented fiscal measures amounting to 17 percent of GDP during 2009–2012, about half of which were frontloaded in 2009. The report shows that Lithuania’s tax system, in comparison with other European Union member countries, is skewed toward labor and consumption taxes and plays a more limited role in income redistribution, especially in the upper-income brackets. It is highlighted that the country’s fiscal adjustment since 2009 has relied mainly on expenditure measures.

Series:

Country Report No. 2013/082

Subject:

Consumption taxes Expenditure Fiscal consolidation Fiscal policy Income National accounts Personal income Revenue administration Taxes